3 reasons why SBI recorded its biggest-ever quarterly loss

Updated: May 23, 2018 19:18 pm

India biggest state-owned lender SBI reported a loss of Rs 7,718 crore in Q4. It is the second highest loss reported by an Indian bank after PNB’s mammoth 13,417 crore loss due to the alleged scam by Nirav Modi. Here are three reasons why SBI faced such a huge loss.